Part of a package of 8 bills to remove the carbon pricing mechanism, the bill: repeals the six Acts which established the carbon pricing mechanism; amends 13 Acts to make amendments consequent on the repeals; enables the payment and future enforcement of carbon tax liabilities for the 2012-13 and 2013-14 financial years; amends the:

Competition and Consumer Act 2010

to: prohibit carbon tax-related price exploitation and false or misleading representations about the carbon tax repeal; and provide the Australian Competition and Consumer Commission with additional price monitoring powers, including taking action against businesses that do not pass on cost savings attributable to the carbon tax repeal;

in relation to contraventions of civil penalty provisions of industry codes (the franchising code) by: enabling regulations to be made prescribing pecuniary penalties; and requiring the Australian Competition and Consumer Commission to issue infringement notices.

to extend the period during which the Director of the Fair Work Building Industry Inspectorate can apply to a nominated Administrative Appeals Tribunal presidential member for an examination notice by a further two years (until 1 June 2017).

to: provide that a general meeting of a company must only be arranged if members with at least five per cent of voting shares make the request; reduce the remuneration reporting requirements; clarify the circumstances in which a financial year may be determined to be less than 12 months; and exempt certain companies limited by guarantee from the need to appoint or retain an auditor; and

Australian Securities and Investments Commission Act 2001

to: enable members of the Takeovers Panel to perform duties while in Australia and overseas; and provide that the Remuneration Tribunal is responsible for setting the terms and conditions of Chairs and members of the Financial Reporting Council, the Australian Accounting Standards Board and the Auditing and Assurance Standards Board.

Amends 22 Acts to respond to the threat posed by Australians engaging in, and returning from, conflicts in foreign states by: providing additional powers for security agencies; strengthening border security measures; cancelling welfare payments for persons involved in terrorism; and implementing recommendations made by the Independent National Security Legislation Monitor’s second and fourth annual reports and the Report of the Council of Australian Governments Review of Counter-Terrorism Legislation. Also repeals the

to: expand the grounds upon which a control order can be requested and issued; reduce the information required to be provided to the Attorney-General when seeking consent to request an interim control order; extend the time before the material provided to an issuing court must be provided to the Attorney-General where a request for an urgent interim control order has been made to an issuing court; require the Attorney-General to advise the Parliamentary Joint Committee on Intelligence and Security before amending a regulation that lists a terrorist organisation and to allow the committee to review any proposed change during the disallowance period; and

Intelligence Services Act 2001

to: provide that it is a function of the Australian Secret Intelligence Service (ASIS) to provide assistance to the Australian Defence Force (ADF) in support of military operations and to cooperate with the ADF on intelligence matters; and remedy limitations in the arrangements for emergency ministerial authorisations which apply to ASIS, the Australian Signals Directorate and the Australian Geospatial-Intelligence Organisation.

to: introduce an offence for importing all substances that have a psychoactive effect; introduce an offence for importing a substance which is similar to a serious drug; introduce international firearms trafficking offences and mandatory minimum sentences; extend existing cross-border disposal or acquisition firearms offences; and clarify that certain slavery offences have universal jurisdiction;

Customs Act 1901

to: ensure that Australian Customs and Border Protection Service and Australian Federal Police (AFP) officers have appropriate powers in relation to the new offences; and create a procedure for dealing with claims for the return of seized psychoactive substances;

International Transfer of Prisoners Act 1997

in relation to the international transfer of prisoners regime within Australia; and

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

,

Criminal Code Act 1995

,

Customs Act 1901

,

Financial Transaction Reports Act 1988

and

Surveillance Devices Act 2004

to make minor and technical amendments. Also validates access by the AFP to certain investigatory powers in designated state airports from 19 March until 17 May 2014.

by: including a statement in the objects about undermining the profitability of criminal enterprise; ensuring that evidence relevant to unexplained wealth proceedings can be seized under a search warrant; addressing duplication in affidavit requirements; allowing the time limit for serving notice of a preliminary unexplained wealth order to be extended by a court in certain circumstances; harmonising provisions relating to the payment of legal expenses for unexplained wealth cases; allowing charges to be created over restrained property to secure payment of an unexplained wealth order; removing a court’s discretion to make unexplained wealth restraining orders, preliminary unexplained wealth orders and unexplained wealth orders once relevant criteria are satisfied; and expanding the parliamentary joint committee’s oversight of unexplained wealth investigations and litigation. Also amends the

Proceeds of Crime Act 2002

to: make amendments consequential on the unexplained wealth changes; expand information sharing arrangements with state, territory and foreign authorities; and to make technical amendments.